Sh Suhyup Bank said on Thursday it posted first-quarter net profit of 98.6 billion won, up 4.2 billion won from a year earlier.
Total assets rose 1.3 trillion won from the end of last year to 64.7 trillion won.
A bank official said approval of the internal ratings-based approach (IRB) earlier this year strengthened the bank's growth foundation. The official added it will keep pushing to boost profitability by business line and improve management efficiency.
Chief executive Shin Hak-gi (신학기) said differentiation was behind the bank's growth over the past 10 years. Only organisations that create their own answers in times of crisis can move on to the next stage of growth, he said.
Shin added what is needed now is differentiation in how execution is carried out, not simply expanding efforts. He said it must become an organisation that creates results together, not alone.
Ji-young Lee
ljy@d-today.co.kr